Western Arable Services Limited

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western arable services limited Company Information

Live

MatureMidDeclining

Company Number

02793000

Website

www.westernarable.co.uk

Registered Address

goodridge court, goodridge avenue, gloucester, gloucestershire, GL2 5EN

Industry

Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

Telephone

01242680414

Next Accounts Due

September 2024

Group Structure

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Directors

Jeffrey Russell31 Years

Philip Smith31 Years

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Shareholders

mr jeff russell 48.8%

mr phillip henry smith 48.8%

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western arable services limited Estimated Valuation

£5.6m

Pomanda estimates the enterprise value of WESTERN ARABLE SERVICES LIMITED at £5.6m based on a Turnover of £8.4m and 0.66x industry multiple (adjusted for size and gross margin).

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Western Arable Services Limited AI Business Plan

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Western Arable Services Limited is a live company located in gloucester, GL2 5EN with a Companies House number of 02793000. It operates in the agents selling agricultural raw materials, livestock, textile raw materials and semi-finished goods sector, SIC Code 46110. Founded in February 1993, it's largest shareholder is mr jeff russell with a 48.8% stake. Western Arable Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Western Arable Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

5 Regular

6 Weak

Size

annual sales of £8.4m, make it smaller than the average company (£25.6m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WESTERN ARABLE SERVICES LIMITED group structure

Western Arable Services Limited has no subsidiary companies.

Ultimate parent company

WESTERN ARABLE SERVICES LIMITED

02793000

WESTERN ARABLE SERVICES LIMITED Shareholders

mr jeff russell	48.78%
mr phillip henry smith	48.78%
julie ashworth	2.44%

Western Arable Services Limited currently has 4 directors. The longest serving directors include Mr Jeffrey Russell (Feb 1993) and Mr Philip Smith (Jun 1993).

officer	country	age	start	end	role
Mr Jeffrey Russell	United Kingdom	80 years	Feb 1993	-	Director
Mr Philip Smith	United Kingdom	57 years	Jun 1993	-	Director
Mrs Helen Smith	United Kingdom	58 years	Nov 2012	-	Director
Mrs Catherine Russell	United Kingdom	71 years	Nov 2012	-	Director

EXPORT

Western Arable Services Limited's latest turnover from December 2022 is estimated at £8.4 million and the company has net assets of £760.4 thousand. According to their latest financial statements, Western Arable Services Limited has 11 employees and maintains cash reserves of £32 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	8,442,520	10,515,694	7,607,350	8,586,754	7,105,912	5,325,930	4,992,718	5,366,091	12,627,644	12,343,973	11,967,624	14,975,647	17,278,249	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,488,651	9,291,135	6,737,815	7,529,360	6,265,774	4,544,232	4,506,495	4,875,220	11,423,548	11,360,702	10,900,804	13,640,685	15,553,549	0
Gross Profit	953,868	1,224,558	869,535	1,057,394	840,138	781,698	486,222	490,871	1,204,096	983,270	1,066,820	1,334,962	1,724,700	0
Admin Expenses	788,900	1,116,473	804,937	946,473	759,700	674,108	381,276	399,108	1,230,774	1,045,671	1,018,674	1,295,148	1,635,720	-189,083
Operating Profit	164,968	108,085	64,598	110,921	80,438	107,590	104,946	91,763	-26,678	-62,401	48,146	39,814	88,980	189,083
Interest Payable	45,062	37,446	29,566	28,628	29,201	25,935	27,607	16,782	0	0	0	0	0	0
Interest Receivable	1	0	0	328	439	77	3	7	8	155	152	631	630	1
Pre-Tax Profit	119,906	70,640	35,032	82,621	51,677	81,732	77,343	74,988	-26,670	-62,246	48,299	40,445	89,610	189,085
Tax	-22,782	-13,422	-6,656	-15,698	-9,819	-15,529	-15,468	-14,997	0	0	-11,592	-10,516	-25,091	-52,944
Profit After Tax	97,124	57,218	28,376	66,923	41,858	66,203	61,874	59,990	-26,670	-62,246	36,707	29,929	64,519	136,141
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	97,124	57,218	28,376	66,923	41,858	66,203	61,874	59,990	-26,670	-62,246	36,707	29,929	64,519	136,141
Employee Costs	490,819	359,360	399,974	416,519	401,868	381,234	398,507	261,888	526,844	387,948	316,153	361,140	433,147	0
Number Of Employees	11	9	10	10	10	10	11	7	15	11	8	11	13	0
EBITDA*	167,849	109,600	73,139	131,057	102,948	131,878	147,854	127,386	6,053	-30,896	83,824	58,253	110,298	210,248

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	7,669	1,650	2,861	19,880	39,766	62,276	79,907	86,315	73,198	91,756	114,371	17,298	43,967	64,526
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	7,669	1,650	2,861	19,880	39,766	62,276	79,907	86,315	73,198	91,756	114,371	17,298	43,967	64,526
Stock & work in progress	112,000	383,000	322,000	123,532	262,682	90,150	319,794	72,447	91,384	225,347	399,758	240,099	549,992	296,039
Trade Debtors	1,526,081	1,535,066	865,388	1,223,527	881,135	885,062	549,525	750,632	1,599,076	1,493,108	1,262,299	2,035,347	1,827,365	1,489,990
Group Debtors	143,855	166,755	123,359	98,291	144,434	172,541	200,999	315,842	0	0	0	0	0	0
Misc Debtors	409,010	623,445	732,890	448,791	535,982	378,894	316,217	290,435	0	0	0	0	0	0
Cash	32	26	23	25	87,498	29,627	1,308	1,300	1,610	1,760	60,070	924	251,437	536
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,190,978	2,708,292	2,043,660	1,894,166	1,911,731	1,556,274	1,387,843	1,430,656	1,692,070	1,720,215	1,722,127	2,276,370	2,628,794	1,786,565
total assets	2,198,647	2,709,942	2,046,521	1,914,046	1,951,497	1,618,550	1,467,750	1,516,971	1,765,268	1,811,971	1,836,498	2,293,668	2,672,761	1,851,091
Bank overdraft	305,801	642,880	555,380	413,996	434,235	430,972	367,037	516,379	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	717,953	1,347,672	838,655	850,049	942,045	627,279	567,063	551,719	1,419,526	1,426,915	1,373,060	1,960,245	2,364,409	1,600,419
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	5,613	7,939	8,471	39,681	29,465	0	0	0	0	0	0
other current liabilities	414,447	56,068	46,382	52,952	37,152	55,621	55,494	29,567	0	0	0	0	0	0
total current liabilities	1,438,201	2,046,620	1,440,417	1,322,610	1,421,371	1,122,343	1,029,275	1,127,130	1,419,526	1,426,915	1,373,060	1,960,245	2,364,409	1,600,419
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	13,708	19,321	27,260	35,731	44,296	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	62,412	73,076	89,597	2,834	7,692	32,162
provisions	0	0	0	0	0	0	0	4,675	2,450	4,430	6,545	0	0	2,369
total long term liabilities	0	0	0	13,708	19,321	27,260	35,731	48,971	64,862	77,506	96,142	2,834	7,692	34,531
total liabilities	1,438,201	2,046,620	1,440,417	1,336,318	1,440,692	1,149,603	1,065,006	1,176,101	1,484,388	1,504,421	1,469,202	1,963,079	2,372,101	1,634,950
net assets	760,446	663,322	606,104	577,728	510,805	468,947	402,744	340,870	280,880	307,550	367,296	330,589	300,660	216,141
total shareholders funds	760,446	663,322	606,104	577,728	510,805	468,947	402,744	340,870	280,880	307,550	367,296	330,589	300,660	216,141

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	164,968	108,085	64,598	110,921	80,438	107,590	104,946	91,763	-26,678	-62,401	48,146	39,814	88,980	189,083
Depreciation	2,881	1,515	8,541	20,136	22,510	24,288	42,908	35,623	32,731	31,505	35,678	18,439	21,318	21,165
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-22,782	-13,422	-6,656	-15,698	-9,819	-15,529	-15,468	-14,997	0	0	-11,592	-10,516	-25,091	-52,944
Stock	-271,000	61,000	198,468	-139,150	172,532	-229,644	247,347	-18,937	-133,963	-174,411	159,659	-309,893	253,953	296,039
Debtors	-246,320	603,629	-48,972	209,058	125,054	369,756	-290,168	-242,167	105,968	230,809	-773,048	207,982	337,375	1,489,990
Creditors	-629,719	509,017	-11,394	-91,996	314,766	60,216	15,344	-867,807	-7,389	53,855	-587,185	-404,164	763,990	1,600,419
Accruals and Deferred Income	358,379	9,686	-6,570	15,800	-18,469	127	25,927	29,567	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-4,675	2,225	-1,980	-2,115	6,545	0	-2,369	2,369
Cash flow from operations	391,047	-49,748	-100,977	-30,745	91,840	36,580	211,803	-462,522	24,679	-35,554	104,981	-254,516	255,500	-25,937
Investing Activities
capital expenditure	-8,900	-304	8,478	-250	0	-6,657	-36,500	-48,740	-14,173	-8,890	-132,751	8,230	-759	-85,691
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-8,900	-304	8,478	-250	0	-6,657	-36,500	-48,740	-14,173	-8,890	-132,751	8,230	-759	-85,691
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-19,321	-7,939	-8,471	-39,681	1,651	73,761	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-62,412	-10,664	-16,521	86,763	-4,858	-24,470	32,162
share issue	0	0	0	0	0	0	0	0	0	2,500	0	0	20,000	80,000
interest	-45,061	-37,446	-29,566	-28,300	-28,762	-25,858	-27,604	-16,775	8	155	152	631	630	1
cash flow from financing	-45,061	-37,446	-48,887	-36,239	-37,233	-65,539	-25,953	-5,426	-10,656	-13,866	86,915	-4,227	-3,840	112,163
cash and cash equivalents
cash	6	3	-2	-87,473	57,871	28,319	8	-310	-150	-58,310	59,146	-250,513	250,901	536
overdraft	-337,079	87,500	141,384	-20,239	3,263	63,935	-149,342	516,379	0	0	0	0	0	0
change in cash	337,085	-87,497	-141,386	-67,234	54,608	-35,616	149,350	-516,689	-150	-58,310	59,146	-250,513	250,901	536

P&L

December 2022

turnover

8.4m

-20%

operating profit

165k

gross margin

11.3%

-2.98%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

760.4k

+0.15%

total assets

2.2m

-0.19%

cash

+0.23%

net assets

Total assets minus all liabilities

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company number

02793000

Type

Private limited with Share Capital

industry

46110 - Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

incorporation date

February 1993

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

goodridge court, goodridge avenue, gloucester, gloucestershire, GL2 5EN

last accounts submitted

December 2022

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 4 charges/mortgages relating to western arable services limited. Currently there are 3 open charges and 1 have been satisfied in the past.

western arable services limited Company Information

western arable services limited Estimated Valuation

western arable services limited Estimated Valuation

western arable services limited Estimated Valuation

Western Arable Services Limited AI Business Plan

Western Arable Services Limited Overview

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western arable services limited Credit Report and Business Information

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western arable services limited Ownership

western arable services limited directors

WESTERN ARABLE SERVICES LIMITED financials

western arable services limited company details

western arable services limited Charges & Mortgages

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